Quote from: figmentofmyass on September 21, 2019, 02:25:53 AM

Quote from: 300pips on September 10, 2019, 09:50:55 AM

I will NEVER consider a KYC-requiring exchange as long as legit alternatives like BaseFEX are available.

some interesting bedtime reading about basefex: https://bitcointalk.org/index.php?topic=5160738

Ironically I feel more favorable towards Basefex after reading that entire post. It is actually good to know their incapabilities in internal market making and were burnt by that, thus they are unlikely to attempt to do that again.

And if they do that again, still, thats another wonderful chance for traders like me to take advantage of the platform. Even the dude complaining made big bucks from it, am I right?

(Sophisticated) internal market making gives a platform strong incentives to trade against traders, which is what everyone suspect Bitmex has been doing.

The real question is, do you want to put your money in scam-capable exchange or an exchange that is incapable of internal trading scams at all?

I will pick the second one.

I know this is pathetic. But the market calls for more naive fools than clever cons